7501 WHITSETT AVE North Hollywood, CA 91605

See private remarks for contact information. Well maintained 20 unit non rent controlled building located in North Hollywood. The building was built in 1980 and has a unit mix of 14 (1+1) and 6 (2+1). The building is 15,326 sq ft situated on a 25,408 sq ft lot. The property features central A/C, new paint, new asphalt and new hard and soft landscaping.The property is listed at $2,628,000, and the economic indicators are as follows: 4.9% cap rate, $171 per square foot, 11.14X GRM, and $131,400 per unit. However, with rents below market an investor can potentially achieve a market GRM of 10.14, and a market cap rate of 5.7%. The current average rents for the 1+1 is $885 and the 2+1 is $1,120. The building has on grade parking with 34 spaces in a large lot next to the building. The lot is large enough to build 10 additional units in the future.